Australia's August PMI rises 5 points, but remains firmly in contraction territory at 45.3....

|By:, SA News Editor
Australia's August PMI rises 5 points, but remains firmly in contraction territory at 45.3. Separately, retail sales for July fell 0.8% against expectations for a gain of 0.2%. It's the sharpest decline in nearly 2 years. The domestic news combines with weak Chinese data to put pressure on the aussie, -0.6% to $1.0262. Perhaps liking the weaker currency, the ASX 200 +0.3%.